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VENDOR DEVELOPMENT





What’s is mainly vendor development?

Is it’s a science or arts

The answer will be arts ?  something new always need to inculcate among the new vendor

  1. Vendor selection mainly depends not based on his past performance but his skill.
  2. Vendor must not be big enough loyalty reduced.
  3. Vendor must have his own skill, but did not depend on others
  4. Vendor must be nearby for any emergency its better.
  5. Vendor its better if local as the service & time get reduced.

Vendor Development

To develop a vendor

  1. Keep the vendor your part of the team
  2. Love the vendor not try to negotiate
  3. Share the pain & agony
  4. Keep him as a part of the concern.
  5. If reqd help the vendor ( Financially / Technically )
  6. Don’t give stress on contract , be wise .

Vendor development is a long term process, give time, keep patience in the long run benefits will come.


Sumit Chatterjee
Senior Supply Chain Manager
Dream Bake Pvt Ltd ( Brand Winkies , Mainly into package Cakes division )

More than 10 + years’ experience in FMCG Supply Chain
MBA Marketing & Finance from Future Business School
Post Graduate Diploma in Logistic & Supply Chain from St Xavier’s
Post Graduate Diploma in Export & Import Management from ICFAI University


KEY WORDS

 Logistics, Supply Chain, Trucks, Container, Warehouse Space, vendor Development,Procurement ,Purchase
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